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[House  Bill,  No.     .] 

HOUSE  OF  REPRESENTATIVES.— January  28,  1863.— Read 

fir^  and  second  times,  referred  to  Committee  of  AVays  and  Means, 
and  ordered  to  be  printed. 

[By  Mr.  Lyons.] 


J^  BILL 

To  provide  for  funding  the  currency  of  the  Confederate  States. 

1  Section   1 .   The  Congress  of  the  Confederate  States  of  America  do 

2  enact,  That  all  notes^  of  the  Confederate  States  Government  now 

3  in  circulation,  which  are,  or  will  hereafter  be  fundable  in  bonds 

4  bearing  interest  at  the  rate^of  seven  per  cent,   per  annum,  and 

5  payable  six  months  after  peace,  shall   be  funded  in  the  bonds  of 

6  the  Confederate  States,  payable  in  like  manner  and  bearing  the 

7  same  rate  of  interest. 

1  Sec.  2.  All  notes  of  the  description  aforesaid,  which  shall  not 

2  be   presented   to  the  treasurer  at  Richmond,  or  to  some    sub- 

3  treasurer  of  the  Confederate  States  at  his  place  of  business,  in 

4  sums  not  less  than  one  hundred  dollars,  on  or  before  the  first  day 

5  of.  July  next  shall  cease  to  pass  as  currency,  or  be  receivable  in 
6 "  payment  of  any  debt  or  demand  except  debts  and  taxes  due  to 
7     the  Confederate  States. 


1  Sec.    3.     Be    it   fu.i/ier   enacted,     That    the    Secretaiy   of  the 

2  Treasury  shall  cause  to  be  prepared  the  requisite    number    of 

3  bonds  to  fund  the  said  notes,  which  shall  bear  the   date  of  the 

4  issue  of  said  notes,  and  be  payable  to  the  bearer  with  seven  per 

5  cent,   interest,  six   months  after  peace  has  been  established,  iu 

6  such  sums  not  less  than  one  hundred  dollars,  as  to  him  may  seem 

7  to  be  expedient,  and  to  issue  the  same  to  the  holders  of  the  notes 

8  aforesaid,  who  shall  bring  in  the  said  notes,  and  he   shall  irnme- 

9  diately  give  notice  through  the  public  newspapers  of  this  act,  and 

10  of  the  various  points  at  which  the  said  notes  may  be  exchanged 

1 1  for  bonds. 

1  Sec.  4.  If  any  person  shall  pass  or  attempt  to  pass  as  currency 

2  any   of  the  notes  before  mentioned  after  the  first  day  of  July 

3  next,  he   shall  be  deemed  guilty  of  a  misdemeanor,  and  upon; 

4  conviction,  forfeit  the  notes  passed  or  oiFered  to  the  use  of  the 

5  informer,  in  addition  to  the  costs  of  recovery. 


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